

(Posted on 14/05/18)
Diana Shipping Inc. has reported a net loss of $3.1 million and net loss attributed to common stockholders of $4.5 million for the first quarter of 2018, compared to a net loss of $26.5 million and net loss attributed to common stockholders of $27.9 million reported in the first quarter of 2017. Time charter revenues were $48.4 million for the first quarter of 2018, compared to $31.3 million for the same period of 2017. The increase in time charter revenues was due to increased average time charter rates that the Company achieved for its vessels during the quarter and increased ownership days resulting from the enlargement of the fleet.
Diana Shipping specialises in the ownership of dry bulk vessels. As of 10th May 2018 the company’s fleet consists of 50 dry bulk vessels (four Newcastlemax, 14 Capesize, five Post-Panamax, five Kamsarmax and 22 Panamax). As of the same date, the combined carrying capacity of the fleet is approximately 5.8 million dwt with a weighted average age of 8.71 years.
The fleet is managed by a wholly-owned subsidiary Diana Shipping Services S.A. and an established 50/50 joint venture with Wilhelmsen Ship Management named Diana Wilhelmsen Management Limited in Cyprus.
AXSMarine, a pioneer and market leader in the provision of advanced solutions for shipping professionals... Read more
Shipzero is enabling transport and logistics companies to create transparency about their emissions... Read more
The Isle of Man Ship Registry (IOMSR) has become an associate member of The International Association... Read more
The wellbeing of crew members is becoming more important to shipping companies says leading catering... Read more
Canada based Algoma Central Corporation has reported its results for the year ended 31 December, 2022... Read more
Ukrainian seafarers have largely returned to international shipping thereby restoring balance in crew... Read more
The Chairs of the Round Table of International Shipping Associations met in Athens last week to renew... Read more
AXSMarine, a leading provider of SaaS shipping software and data for decision making in the chartering... Read more
Algoma Central Corporation and The CSL Group, who together form the CSL International Pool have announced... Read more
Swiss marine power company WinGD has launched a pilot project for a new engine diagnostics solution... Read more